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Plantation Shoppes Acquires Retail Property On Sunrise Blvd, Plantation, FL For $10.25M

1818-1860 Sunrise Boulevard
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This Retail property located in FL was sold for $10,250,000 almost 3 years ago. The brokers of the deal were Aaron O'Connor, Elon Gerberg, and Douglas (Doug) Mandel

An undisclosed retail property located at 1818-1860 Sunrise Blvd in Plantation, FL has been sold in a closed transaction. The property, spanning 37,500 square feet, was purchased by Plantation Shoppes from Core Plantation at a sale price of $10,250,000, resulting in a price per square foot of $273. The transaction included 7 acres of land, with 3.2 acres still undeveloped. The purchase equated to a price per acre of $1,464,286. The deal achieved a capitalization rate of 5.67%.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,250,000
  • Market: Plantation, FL
  • Square Footage: 37,500
  • Address: 1818-1860 Sunrise Blvd

The transaction was facilitated by Elon Gerberg, Aaron O'Connor, and Douglas Mandel, who represented the buyer, seller, and brokers respectively.

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Deals
  • Location
    1818 East Sunrise Boulevard, Fort Lauderdale, FL, USA1818 East Sunrise Boulevard, Fort Lauderdale, FL, USA
  • Sale Price
    $10,250,000$10,250,000
    $273 PPSF$273 PPSF
  • Area
    37,500 SF37,500 SF
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Aaron O'Connor

Aaron O'Connor

Deals5
Sold$31.7M

Elon Gerberg

Elon Gerberg

Deals22
Sold$76.6M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

SVN

SVN

Agency
Deals179
Volume$1.1B

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Deal Summary

SALE IMAGE: Aaron O'Connor, Douglas Mandel & Elon Gerberg DATE: 04/20/2021 ADDRESS: 1818-1860 Sunrise Blvd MARKET: Plantation, FL ASSET TYPE: Retail BUYER: Plantation Shoppes SELLER: Core Plantation BROKERS: Elon Gerberg, Aaron O'Connor & Douglas Mandel SALE PRICE: $10,250,000 SF: 37,500 ~ PPSF: $273 ACRES: 7 ~ PPA: $1,464,286 (3.2 acres of undeveloped land. 7-acres total) CAP RATE: 5.67%

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1818-1860 Sunrise Boulevard

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